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20121202
20121210
Search Results 0 to 12 of about 13 (some duplicates have been removed)
." >> not reaching out aggressively enough like bill clinton, lbj, ronald reagan did. and also it was critical the first four years about him not reaching out enough to the business community. he didn't understand the business community, according to ceos who supported him for four years. but steve rattner, he's made a pretty dramatic shift since the election, and certainly i salute him for doing this, he actually is very engaged with the business community. and i'm not hearing the sort of things from top ceos and business leaders today that i heard the first four years. maybe -- maybe he's leaning in here and trying to rebuild a relationship with some of these people who supported him in '08. >> and i think it goes both ways. i think the business community views this deficit thing as the biggest problem that we can solve that we need to solve. there's something called a campaign to fix the debt, which i'm on the steering committee, 120 leading ceos from everything from general electric to jpmorgan on down. really committed to doing something and accepting the idea that revenues have to go up,
out of control. secretary of state hillary clinton says she fears a desperate president bashar al-assad in syria may resort to using chemical weapons on his own people. in the meantime, the united nations is hint thag there wil hinting that there will be no asylum for bashar al-assad as the syrian dictator makes it clear that he will die before leaving the country under any circumstances. what is going on behind the scenes, for that we turn to corn powell following all the latest developments from our mideast bureau in jerusalem. connor. >> reporter: the international and internal pressure is mounting on bashar al-assad today. secretary clinton reiterated her comments that the use of chemical weapons is a red line for the united states and that there would be consequences. we are also hearing that bashar al-assad is beginning to look for asylum around the world. he is reaching out to world leaders in latin america, particularly cuba, ecuador and venezuela. not on the list of places is russia and iran his two biggest military backers. this is all coming as the internal pressure on
the federal budget deficit. he knows something about something. he was around when clinton -- remember that economy? okay. he said i wish president obama and the democrats would explain to the nation the federal budget deficit isn't the major problem and deficit reduction shouldn't be the major goal. problem is lack of good jobs and the goal must to be revive both. deficit reduction leads us away from jobs and growth. the reason the fiscal cliff is dangerous is because it's too much deficit reduction too quickly that would suck demand out of the economy. more jobs and growth will help the deficit. recall the '90s when the clinton administration balanced the budget because of faster job growth than anybody expected bringing in more tax revenues than anyone had forecast. europe offers the same lesson in reverse. thank you. as jim says, every time we talk about this, they keep taking the wrong -- lindsey graham said we're going to be greece. yeah, if we do what you want! the best way to generate jobs and growth is
your tax system is. and it's pretty low now. you know compare it to the clinton era rates, which is kind of all we're talking about, right? going back to the clinton era rate of 39% -- >> is it about fairness? or is it about lessening the deficit? because it doesn't really do a whole lot for the debt or deficit over ten years. >> well, it's about fairness, but it's also about what are the better options? given that the wealthy are really skating by these days. and so how do you collect more revenue from them? and all the various ideas about, well, you cap this deduction, and cap that deduction. there are not only political constituencies that will fight tooth and claw on every deducti deduction, there are some reasons, fairly good reasons why you would want to think twice. you know, are you going to go after home mortgage deduction at a time when the housing industry is trying to get its feet? are you going to go after the exemption on taxation for health insurance? i mean, that's the biggest one, actually. that's like $250 billion a year. but i don't think anybody wants to dive
to work, does it? but in the clinton era when the rates went up, the 39.6 from 35 , they paid a little bit more and, guess what, the income boomed. we had 3.8% unploimed. we balanced the budget -- we had 3.8% unemployment. we balanced the budget. they opposed the tax increases in 4-. they said a disaster would result. not a single republican voted for the increases in taxes that president clinton put forward, which ultimately led to a balanced budget and paying down debt for the first time in 50 years. not one of them because they said it would bring economic disaster and instead is brought prosperity. so they brought out that old broken record, they glued it back together. maybe they put it on the -- put it in a digital format or something. but they're playing it again. it's as valid now as it was then. so it's the same old plan, stick it to the middle class, stick it to the seniors and benefit the ultrawealthy in this country. that's not a new plan. that's the same old broken record. the speaker pro tempore: the chair recognizes the gentleman from texas, mr. poe, for five minutes. mr. po
we could do is go over the fiscal cliff. we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get back hooked in. howard, what about the notion that i'm posing tonight -- i've said this a few times -- republicans better be careful. they're not going down your road and the democrats aren't going down your road. you have middle class tax cuts for the democrats and it sometimes sounds to me as an old reagan conservative that the republicans better watch themselves because sometimes it sounds like they are kind of defending rich people. that's their whole mantra, just defending rich people. and i think that's not where they should be. >> i would agree. if i were politically advising the republicans, which i'm certainly not, i
. secretary of state hillary clinton said today that the united states and russia to get syrian president al-assad to talk about the political transition and syria. she spoke yesterday with russia's for a minister and the u.n. peace envoy to the next conversation with u.s. ambassador to syria, robert ford on president assad using chemical weapons. investor four was part of an event held by the foundation for defense of democracy is yesterday. this is about half an hour. >> the good morning. very nice to be here. let me thank andy for that very kind introduction and i would also like to thank john for inviting me here to talk to the foundation for the defense of democracy st. john and i go way back to when we were in iraq together. another tough situation where we were trying to help promote space change in the middle east. i am only going to talk for about ten minutes and then i would welcome some questions and a little more of a discussion. so just listening to me drone on. i want to take just one minute and give you my sense of the situation on the ground and syria, which is changing. and
for a short time. we need to leave in a better shape. thank you. [applause] >> going back to clinton era tax rates on the rich will do less economic damage than other revenue raising options. here is part of a tax reform panel that featured lawrence john podesta.hn p >> thank you. i will turn the stage back to either cook from bloomberg. he will moderate -- to peter cook from bloomberg. he will moderate the discussion. >> we hope to come up with some answers from this esteemed panel. >> [inaudible] >> you heard it here folks. we need to come up with some ideas. thank you, chairman baucus. there are some new faces at the table. again, welcome to all of you. we will go around the table quickly and introduce at least our new faces. we have bill gale from the brookings institution. he has done a lot on tax and fiscal issues. we have lindsay, a former economic advisor for president bush. welcome. john podesta and chief of staff to bill clinton. welcome. john has to leave us a little bit early. i will go to him first when we begin. we also have the co-director of bill. we have will marshal as well
and secretary of state clinton, that if there was movement of any chemical weapons of mass destruction, movement -- now, as i listen to what you're saying, there hasn't been movement. it looks like they're getting ready where they are, but they haven't moved yet, so maybe they haven't violated the red line exactly. >> that's right, larry. they've got everything in place to do that. but what are the possibilities here? u.s. military officials say it would be very difficult to target certain areas. there are possibilities if they're going to load them on the planes. they could use cruise missiles to attack airstrips, for example. they can't blow up the weapons sites themselves, otherwise then the deadly gases could be spread among the public and kill thousands. the only other option according to some people that i've been talking to over the past couple of days is possibly take those cruise missiles and aim them not only at the airport strips, but at regime targets. even perhaps president assad himself. but so far, we haven't gotten there, the big question is can the u.s. react quickly enough if s
, and republicans did not want to do that, but he has the good hand in this struggle. restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need, and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates if they should go up some, but do they need to go back where they were? i do not know. lots of ways to increase taxes on rich people, and it may be that a hybrid of marginal tax increases and the kind of base- broadening, loophole closing, expenditure closing that simpson-bowles proposed should be part of the mix. raising marginal rates does not guarantee you will get your intended target. very rich people depend more on investment income than on their labor income. if you want to get them -- and this is where mitt romney was able to pay a 14% tax rate on earnings of $14 million -- so
in the past -- the famous showdown with newt gingrich and clinton. when you have divided government, you have clashes of major philosophical difference. the key is being able to have an element of compromise as part of that process. that is exactly the place we are in right now, trying to find that point. >> the best model for all of you who are working so hard on this may well be speilberg's movie about lincoln. lincoln made deals. you know what, he achieved great, great goals. it goes to the point you are making -- politicians are supposed to play politics, that is not a dirty word. >> the legendary "bloomberg view" columnist -- margaret carlson. >> i had this plan for a couple weeks -- i thought, this could happen. when you said you cannot get people in the corner as the president has with the tax increase on the wealthy -- here is the plan. on december 31, the bush tax cuts expire. after you have your champagne and you are funny hats on, on january 1 at 12:01 a.m., there is a middle-class tax cut and the top rate is 39.6%, then they are cut to 37%, so republicans get their tax cut. isn't
Search Results 0 to 12 of about 13 (some duplicates have been removed)